Technology sector poised for recovery; Coforge, HCL Tech could give 17-20% return in 1 year

Technology sector poised for recovery; Coforge, HCL Tech could give 17-20% return in 1 year

The technology sector is poised for a robust recovery following a period of discretionary spending cuts. Several factors indicate an upward trend in the coming years, including shifts in client behaviour, increased technology investments, and the rise of new technologies such as Generative AI (GenAI). Key verticals like BFSI, healthcare, and manufacturing are expected to … Read more

F&O traders went long on HDFC Bank, short on SBI in August series

F&O traders went long on HDFC Bank, short on SBI in August series

HDFC Bank witnessed a short covering in the August series while a significant short build up was seen in SBI as the Bank Nifty gained 0.5%, settling at 50,889 mark while the PSU Bank index was down by 2.6%. The Nifty 50 index gained 3.1%, settling at 25,152 witnessing a 77% rollover for the next … Read more

Shriram Finance, Tech Mahindra among 6 Nifty 50 stocks that hit fresh 52-week highs on Tuesday – Market Movers

Shriram Finance, Tech Mahindra among 6 Nifty 50 stocks that hit fresh 52-week highs on Tuesday – Market Movers

Indian Railway Finance Corporation Share Price 180.85 04:13 PM | 27 Aug 2024 -0.21(-0.12%) One97 Communications Share Price 545.15 04:13 PM | 27 Aug 2024 14.75(2.79%) YES Bank Share Price 24.02 04:13 PM | 27 Aug 2024 -0.06(-0.25%) ITC Share Price 500.6 04:13 PM | 27 Aug 2024 -5.1(-1.01%) HDFC Bank Share Price 1637.75 04:13 … Read more

These 7 IT stocks hit 52-week highs and rallied up to 30% – ​New Highs

These 7 IT stocks hit 52-week highs and rallied up to 30% – ​New Highs

Indian Railway Finance Corporation Share Price 181.05 03:59 PM | 26 Aug 2024 -2.36(-1.29%) One97 Communications Share Price 530.4 03:59 PM | 26 Aug 2024 -24.46(-4.41%) YES Bank Share Price 24.08 03:59 PM | 26 Aug 2024 -0.32(-1.28%) ITC Share Price 505.7 03:59 PM | 26 Aug 2024 -0.11(-0.02%) HDFC Bank Share Price 1639.95 03:59 … Read more

stocks to buy today: F&O stocks to buy today: RIL, ITC among top 9 trading ideas for 20 August 2024

stocks to buy today: F&O stocks to buy today: RIL, ITC among top 9 trading ideas for 20 August 2024

Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed flat at 24,590 levels on Monday. India VIX was down by 0.61% from 14.40 to 14.32 levels. On the options front, the maximum Call OI is placed at 25,000 and then towards 24,600 strikes while the maximum Put … Read more

hcl tech shares: HCL Tech shares surge 4% on Q1 profit beat. Time to hold or buy?

hcl tech shares: HCL Tech shares surge 4% on Q1 profit beat. Time to hold or buy?

Shares of HCL Technologies on Monday rose 4% to the day’s high of Rs 1,627 on BSE after the company posted 20% year-on-year (YoY) growth in its consolidated net profit to Rs 4,257 crore for the quarter ended June 2024. The profit for the same period last year stood at Rs 3,534 crore. The revenue … Read more

IT Stocks: US inflation data, IT stocks propel Indian indices to fresh highs

IT Stocks: US inflation data, IT stocks propel Indian indices to fresh highs

Mumbai: India’s key stock indices closed at new highs on the last trading day of the week, setting fresh intraday records led by gains in IT stocks due to strong earnings and better-than-expected US consumer inflation data. Despite expensive valuations in some pockets of the market, analysts see no signs of a rally reversal. The … Read more